Wed, Nov 30 2016

SYDNEY Australia and New Zealand Banking Group has become more cautious about lending to apartment developers and buyers due to concerns that parts of the market are oversupplied and household incomes have stagnated.

SYDNEY Australia and New Zealand Banking Group's transformation into a smaller bank and other steps it is taking will speed up a push to change its business culture, following a series of scandals in the financial sector, its CEO said.

SYDNEY, Nov 25 Australia's No.1 investment bank
Macquarie Group Ltd and top corporate lender Australia
and New Zealand Banking Group Ltd on Friday said they
will pay fines totalling A$15 million ($11.12 million) for
"cartel conduct".

SYDNEY/SINGAPORE/TOKYO Australia and New Zealand Banking Group's sale of its life insurance and wealth business, which has been valued at $3.33 billion by the bank, is attracting interest from Japan’s Meiji Yasuda and Hong Kong-based AIA Group , according to people familiar with the situation.

(The following statement was released by the rating agency)
SYDNEY, November 08 (Fitch) Fitch Ratings has affirmed Australia
and New Zealand
Banking Group Limited's (ANZ, AA-/Stable/F1+) AUD13.5bn of
outstanding mortgage
covered bonds at 'AAA'. The Outlook is Stable.
KEY RATING DRIVERS
The rating is based on ANZ's Long-Term Issuer Default Rating
(IDR) of 'AA-', an
IDR Uplift of zero notches, an unchanged Payment Continuity
Uplift (PCU) of
three notches and the asset percentage (AP) of 87% u

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